Tag Archives: BTCGBP

The Chief Executive Officer of PayPal – Dan Schulman – reiterated his positive stance on the cryptocurrency industry. In his view, the “intersection” between digital assets, CBDCs, stablecoins, and digital wallets will “redefine a lot of the financial world going forward.” High Hopes on Crypto PayPal’s top executive has been an advocate of the cryptocurrency industry for a while and even admitted in 2019 that he owned bitcoin. In his most recent speech at Axis Tel Aviv,...

Last weekend marked the second anniversary of the notorious COVID-19-induced bitcoin crash in which the asset dumped by 50% in a day to below $4,000. While many naysayers rushed to declare BTC’s death (again), the subsequent 24 months turned out to be quite positive, given the fact that the asset added another zero to its USD price, was adopted by numerous institutional investors, and even legalized in a country. What Happened Back Then? It has been two years, but it almost...

Since January 2022, Bitcoin has been experiencing significant volatility. The following chart shows an evident supply zone at the $45-46K price area, marking it the range’s top and the main barrier for the BTC price to reach out for a possible retest of the $50-60K channel. On the other hand, a distinguished demand area at the $33-35K region marks this area as the lower consolidation boundary. The Daily Chart Technical Analysis by Shayan Currently, the price stabilizes above...

The cryptocurrency market failed to deliver any significant movements in the past 24 hours as the majority of coins are trading flat with no real discrepancies. There are, of course, a few exceptions, so let’s unpack. Bitcoin Price Flat at $39K As seen in the chart below, the past 24 hours were finally a bit less volatile compared to previous periods. With one exception where BTC’s price dipped towards $38,500, the primary cryptocurrency has been trading around $39,000 for...

Sandeep Nailwal – CEO and Co-Founder of Polygon – sees massive chaos reigning in the Indian cryptocurrency market. In his view, this disorder causes thousands of developers, investors, and entrepreneurs to leave to countries with more friendly regulatory frameworks. The Uncertainty Causes a Crypto’ Brain Drain’ It is safe to say that India’s digital asset environment is controversial. On one hand, the country has millions of crypto investors, some of whom have even swapped...

The Lower House of Russia’s Parliament – State Duma – has reportedly called upon establishing a regulatory framework on cryptocurrencies rather than imposing a blanket ban on them. The authorities joined the likes of the Finance Ministry, which urged for the same thing. The Never-Ending Saga Earlier this year, the Bank of Russia – the central banking institution of the largest country by landmass – reiterated its negative stance on the crypto sector. It called it a pyramid...

Bitcoin’s price continues to consolidate and has failed to produce a meaningful and sustained movement in any direction. Meanwhile, Ripple’s XRP is the only altcoin in the top 10 that’s charting a serious increase. Bitcoin Consolidation Continues Over the past 24 hours, Bitcoin’s price failed to produce any meaningful and sustained move in either direction and is pretty much trading right where it was yesterday during this time – at around $39,000. This doesn’t mean that we...

Kevin O’Leary said he has allocated millions of dollars in crypto. The former critic of Bitcoin now said investing in it is like investing in giant corporations such as Google and Microsoft. 20% of His Portfolio in Crypto Back in 2019, the Canadian businessman and television personality was among the biggest critics of the crypto industry. At the time, he described bitcoin as “worthless,” “useless currency,” and even “garbage because you can’t get in and out of it in large...

Bitcoin has been trading sideways in the past few weeks. It is still consolidating between the $36K and $45K levels, liquidating both bulls and bears on multiple occasions. With the current economic and geopolitical uncertainty, it would be wise to consider the worst possible case and plan it. Technical Analysis By: Edris The Daily Chart: On March 7th, BTC rebounded from the lower boundary of the range and broke above the 50-day moving average. The next day, it regained the...

The cryptocurrency market went through some massive volatility throughout the past week. This was largely induced by President Joe Biden’s executive order on digital assets, US inflation numbers coming up, and the ongoing war between Russia and Ukraine. Let’s unpack. Bitcoin’s price was trading at around $41,000 this time last week but quickly headed south and dropped towards $39K on Saturday. What followed was a few days of choppy sideways action, and BTC even declined to...